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Interesting to see the open today relative to yesterday & what it might indicate.
Not too long now before some closure on this.
Bakky. tbh, my average is quite low (4.7p) but this down to luck rather than anything else since i was waiting on sidelines to buy at 5.5p prior to the accounting RNS. So, i am confident that i would profit from any sale in the short term. Same cannot be said for other long term holders and it is a shame considering the fundamentals on which they would have invested. Shows how bad management have been in destroying shareholder value.
I think there is more to the departure of SJL that we were told at the time. I feel it was more to do with frustration building with Toby and co that subsequently pushed him out. Remember, he was used to his ICM dividend and even he, as the largrst shareholder at the time, was unable to convince Toby to give us a dividend.
Toby helped to stabilise the sinking ship, for which he has been handsomely remunerated. But, it is high time that he creates shareholder value, else it is time for us to tell him to get the f**k out of the company.
Dr, as I said get rid of them pronto if needed! Assuming there are no more skeletons going forward for me it makes sense to wait a while. What price do you think they would get now??
Interested to see the close.
If the investigation comes in OK as a hit <<$1M and convincing explanation and possible change, expect positive price reaction. Might go lower in meantime but recovery to 6p in short term imho.
Bakky, once they repair this damage, another thing will come up judging how things have evolved in last few years. Since strategic review, the share price has just been in a downtrend.
Shareholders have seen share price on its knees while Toby and co habe taken large amounts of money as remuneration. Don't get me started on the share freebies...
Don't agree Dr. We need time to repair this potential damage. What are they going to ask for this right now? Leave until Ablock sales come through. Get rid of the rotten part (management)by all means!
The longer we wait, lower the sale price will be. It just gives more time for Toby and co to milk the company.
what price a sale now? wouldn't be good imv! need to wait a while longer.
At least one of the big transactions shown as a sell is a buy.
One of them is known to me.